2012 Conference Details

The Seventh New York Fed/NYU Stern Conference on Financial Intermediation

A conference jointly sponsored by
the Federal Reserve Bank of New York,
the Salomon Center at NYU Stern, 
and the Review of Financial Studies

May 4-5, 2012
NYU Stern School of Business


New York University
Stern School of Business
Kaufman Management Center
Room 1-70
44-50 West Fourth Street
New York, NY 10012

Direction to Stern:
For directions, click here

New York City Hotels

Registration Details:
Attendance is free of charge but seating is strictly limited and so registration is required.

To register, please send an email to salomon@stern.nyu.edu before April 27, 2012. Indicate your name and university/affiliation in your response.  

Program [Download Complete Set of Papers]

Friday, May 4

8:00Registration and Continental Breakfast
9:00Welcome Remarks
Ingo Walter, Vice Dean of Faculty, NYU Stern
Chair:  Anthony Saunders, New York University
Discussant: Nicola Cetorelli, Federal Reserve Bank of New York
"Government intervention and information aggregation by prices"
Philip Bond, University of Minnesota
Itay Goldstein, University of Pennsylvania
Discussant: Viral Acharya, New York University
11:05Coffee Break
"Is historical cost accounting a panacea?  Market stress, incentive distortions, and gains trading
Andrew Ellul, Indiana University
Chtobhak Jotikasthira, University of North Carolina
Christian Lundblad, University of North Carolina
Yihui Wang, Chinese University of Hong Kong
Discussant: Mark Carey, Federal Reserve Board

Introduction: Matthew Richardson, Director, Salomon Center

Keynote Speaker: Susan Schmidt Bies
Director, Bank of America
Former member of the Board of Governors of the Federal Reserve System
Chair: Alexander Ljungqvist, New York University
Adriano Rampini, Duke University
S. Viswanathan, Duke University
Discussant: Martin Oehmke, Columbia University
3:15Coffee Break
"Financial integration, housing, and economic volatility"
Elena Loutskina, University of Virginia
Philip Strahan, Boston College
Discussant: Victoria Ivashina, Harvard University
"What fuels the boom drives the bust: Regulation and the mortgage crisis
Jihad Dagher, International Monetary Fund
Ning Fu, Harvard University
Discussant: Elena Loutskina, University of Virginia

Saturday, May 5
8:00Continental Breakfast
Chair: Hamid Mehran, Federal Reserve Bank of New York
"Group lending or individual lending?  Evidence from a randomized field experiment in Mongolia"
Orazio Attanasio, University College London 
Britat Augsburg, Institute for Fiscal Studies
Ralph de Haas, EBRD
Emla Fitzsimons, Institute for Fiscal Studies
Heike Harmgart, EBRD
Discussant: Gabriel Natividad, New York University
Shayak Sarkar, Harvard University
Discussant: Greg Nini, University of Pennsylvania
11:00Coffee Break
"Interbank network and bank bailouts: Insurance mechanism for non-insured creditors"
Tim Eisert, Goethe University Frankfurt
Christian Eufinger, Goethe University Frankfurt
Discussant: David S. Scharfstein, Harvard University
12:15Lunch and Adjourn

Conference Organizers

Alexander Ljungqvist, New York University
Hamid Mehran, Federal Reserve Bank of New York
Stavros Peristiani, Federal Reserve Bank of New York
Philipp Schnabl, New York University

2012 Program Committee

Viral Acharya, New York University 
Nicola Cetorelli, Federal Reserve Bank of New York 
Mark Flannery, University of Florida 
Itay Goldstein, University of Pennsylvania
Andrew Hertzberg, Columbia University 
Victoria Ivashina, Harvard University 
Jose Liberti, DePaul University
Atif Mian, UC Berkeley
Alan Morrison, University of Oxford 
Martin Oehmke, Columbia University 
Daniel Paravisini, Columbia University 
Mitchell Petersen, Northwestern University 
Manju Puri, Duke University  
Adriano Rampini, Duke University
João Santos, Federal Reserve Bank of New York 
David Scharfstein, Harvard Business School
Greg Udell, Indiana University  
William J. Wilhelm, University of Virginia
Tanju Yorulmazer, Federal Reserve Bank of New York